LightPath Technologies(LPTH)

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LightPath Technologies(LPTH) - 2023 Q3 - Quarterly Report
2023-05-11 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission file number 000-27548 LIGHTPATH TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jur ...
LightPath Technologies(LPTH) - 2023 Q2 - Earnings Call Transcript
2023-02-10 01:47
LightPath Technologies, Inc. (NASDAQ:LPTH) Q2 2023 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Sam Rubin - President and Chief Executive Officer Albert Miranda - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Aaron Martin - AIGH Investment Partners Gene Inger - ingerletter.com Operator Good afternoon, and welcome to the LightPath Technologies Fiscal 2023 Second Quarter Financial Results Conference Call. [Operator Instructions] Please note this ...
LightPath Technologies(LPTH) - 2023 Q2 - Quarterly Report
2023-02-09 21:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission file number 000-27548 LIGHTPATH TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other ...
LightPath Technologies(LPTH) - 2023 Q1 - Earnings Call Transcript
2022-11-11 02:51
Financial Data and Key Metrics Changes - Revenue for the first fiscal quarter was $7.4 million, down from $9.1 million in the same period last year [23] - Net loss for the first quarter was approximately $1.4 million, compared to a loss of $632,000 in the prior year [29] - Gross margin was approximately $2.2 million, representing 30% of revenue, down from 35% year-over-year [27] Business Line Data and Key Metrics Changes - Revenue from infrared products was $3.6 million, accounting for 49% of total revenue, a decrease primarily due to sales declines in the China industrial market [23] - PMO products generated $3.3 million, down from $3.8 million, attributed to decreased sales through catalog and distribution channels [24] - Specialty Products revenue increased to $0.5 million from $0.4 million, driven by non-recurring charges [25] Market Data and Key Metrics Changes - Sales in China represented approximately 13% of total revenue, down from about 30% in fiscal 2022 [10] - The backlog at the end of the first quarter was $23 million, indicating strong future revenue potential [15] Company Strategy and Development Direction - The company is transitioning from a components manufacturer to a provider of optical solutions, focusing on infrared optics and engineered solutions [11][12] - The introduction of Black Diamond glass is a key part of this strategy, with applications in multi-spectral imaging and reduced dependence on traditional materials sourced from China and Russia [13] - The company is actively collaborating with government agencies and customers to advance new materials and solutions [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged multiple headwinds, including Hurricane Ian, a slowdown in China, and geopolitical tensions affecting operations [8] - Despite challenges, management remains optimistic about growth prospects, particularly in defense and aerospace sectors [19][35] - The company expects the first quarter's performance to be an anomaly, with a strong backlog indicating potential recovery [34] Other Important Information - Cash used in operations was approximately $415,000 for the first three months, a decrease from $1.6 million in the same period last year [31] - The company has a working capital of approximately $9.2 million and total cash and cash equivalents of about $4.3 million [30] Q&A Session Summary Question: Details on exiting the distribution partner in Europe - Management explained that the exit was part of a strategic shift to direct sales, which has resulted in increased sales and margins [41][42] Question: Clarification on revenue impact from the distributor exit - Management clarified that while catalog sales decreased, direct sales in defense and commercial sectors have increased, leading to overall growth [44] Question: Timing and definition of "game changer" products - Management indicated that potential game-changing products could scale to $5 million to $10 million in annual revenue within two to three years [48] Question: Impact of BD6 material on business - Management emphasized the strategic importance of BD6, particularly in reducing dependence on germanium, with ongoing government support for its qualification [51][52] Question: Future growth potential and scaling - Management expressed confidence in the company's ability to grow independently, supported by government commitments and strategic alignment with defense priorities [67][68]
LightPath Technologies(LPTH) - 2023 Q1 - Quarterly Report
2022-11-10 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission file number 000-27548 2603 Challenger Tech Ct. Suite 100 Orlando, Florida 32826 (Address of principal executive offices) ...
LightPath Technologies(LPTH) - 2022 Q4 - Annual Report
2022-09-15 20:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ___________________________ LIGHTPATH TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) ___________________________ Delaware 86-0708398 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT T ...
LightPath Technologies(LPTH) - 2022 Q4 - Earnings Call Transcript
2022-09-15 03:29
LightPath Technologies, Inc. Q4 2022 Earnings Conference Call September 14, 2022 5:00 PM ET Company Participants Albert Miranda - Chief Financial Officer Sam Rubin - President and Chief Executive Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Gene Inger - ingerletter.com Operator Good afternoon. And welcome to the LightPath Technologies Fiscal 2022 Fourth Quarter Financial Results Conference Call. All participants’ will be in listen-only mode. [Operator Instructions] Plea ...
LightPath Technologies(LPTH) - 2022 Q3 - Earnings Call Transcript
2022-05-12 22:59
LightPath Technologies, Inc. (NASDAQ:LPTH) Q3 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants Albert Miranda - Chief Financial Officer Sam Rubin - President and Chief Executive Officer Conference Call Participants Gene Inger - ingerletter.com Operator Good afternoon and welcome to the LightPath Technologies Fiscal 2022 Third Quarter Financial Results Conference Call. All participants’ will be in listen-only mode. [Operator Instructions] After today’s presentation there will be an ...
LightPath Technologies(LPTH) - 2022 Q3 - Quarterly Report
2022-05-12 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission file number 000-27548 LIGHTPATH TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jur ...
LightPath Technologies(LPTH) - 2022 Q2 - Earnings Call Transcript
2022-02-11 03:39
LightPath Technologies, Inc. (NASDAQ:LPTH) Q2 2022 Earnings Conference Call February 10, 2022 5:00 PM ET Company Participants Al Miranda – Chief Financial Officer Sam Rubin – President and Chief Executive Officer Conference Call Participants Brian Kinstlinger – Alliance Global Partners Dave King – B. Riley FBR Scott Buck – H.C. Wainwright Orin Hirschman – AIGH Investment Partners Operator Good afternoon everyone, and welcome to the LightPath Technologies Fiscal 2022 Second Quarter Financial Results Conferen ...